Visa is paying out a jackpot to vendors willing to bet against old money, and roll the dice on cashless transactions. Visa will give $10,000 to 50 restaurants that pledge to go cashless. The new initiative, what Visa executive Jack Forestall calls “a journey to go cashless,” will incentivize vendors to rip off the bandaid of paper transactions and progress to a cashless system. The money can be used for marketing and updating point of sale technology to focus payment exclusively on credit and debit cards and electronic payment. Visa will select participating merchants in August. Cash remains the predominate method of payment, according to the Federal Reserve. A report… Read More

Here at rapid! PayCard® we do more than maintain adherence to state and federal regulations. We keep our clients well-informed of the ever-evolving payroll laws. A consistently updated, interactive map which serves to deliver current, state-by-state updates on legal requirements and how rapid! PayCard complies. Our goal is to provide employers with innovative and responsive payroll card programs. We observe industry-wide best practices for the delivery of high-quality payroll cards that maintain the objectives of choice, safety, affordability, transparency, and convenience. For example, here’s a look at some of the legal requirements in the state of Maine and how we conform: Cash Access Employees must be paid their full wages… Read More

We provide our customers with a consistently updated, interactive map which serves to deliver current, state-by-state updates on legal requirements and how rapid! PayCard complies. Our goal is to provide employers with innovative and responsive payroll card programs. We observe industry-wide best practices for the delivery of high-quality payroll cards that maintain the objectives of choice, safety, affordability, transparency, and convenience. For example, here’s a look at some of the legal requirements in Washington State and how we conform: Cash Access Legal Requirement – State Statute of Washington State: Employers that pay employees by electronic means must ensure that wages are available to employees on the established payday. Wash. Admin…. Read More

Our singular focus? To provide employers with innovative and responsive payroll card programs. We observe industry-wide best practices for the delivery of high-quality payroll cards that maintain the alternatives of choice, safety, affordability, transparency, and convenience. While our obligation is to maintain adherence to state and federal regulations, we also keep our clients well-informed of those ever-evolving payroll laws. To that end, we provide our customers with a consistently updated, interactive map which serves to deliver a state-by-state update on legal requirements and how rapid! PayCard complies. For example, here’s a look at some of Florida’s legal requirements and how we address them: Cash Access State Statute: Payroll debit cards… Read More

With an entire business dedicated to payroll, we always look forward to this annual celebration! National Payroll Week (NPW) is an awareness campaign that recognizes industry professionals. It also stands to drive the attention of our country’s workforce to details about payroll and employee benefits, as well as the withholding system itself. We are a country known internationally for being the home of “The American Dream.” From those businesses, built by generations of families and the jobs we work every day, comes each person’s contribution to the U.S. Treasury’s annual revenue; contributions collected via payroll systems. As hard-working Americans we are not only supporting our families, but our payroll deductions… Read More

July has been a busy month for the PayCard industry, with the Department of Education and the State of New York Department of Labor both addressing rule making proposals! The Department of Education is addressing a rule change regarding the disbursement of Title IV Funds. These funds include all federal grants, loans and financial assistance for college students. Universities and colleges are tasked with the responsibility of applying the funds to tuition and fees for each student as well as disbursing any remaining or additional funds to said student. The debate currently being addressed is determining the most efficient and cost effective way to get the funds to the students…. Read More

Hard-working employees deserve a break every once in a while, but vacations always seem to leave the people still in the office in a bit of a crunch. That is where rapid! PayCard comes in. With rapid! PayCard your payroll department has the ability to auto schedule payroll while they are away on vacation. This saves your company from facing the expenses of hiring and training temporary staff while your payroll personnel is out of the office. Gone are the days of traditional payroll where checks were processed, printed and hand delivered by payroll. With the convenience of ePayroll and rapid! PayCard companies and payroll departments have many benefits including:… Read More

“What happens in Vegas doesn’t always stay in Vegas!” The highlight of May was the American Payroll Association’s (APA) 33rd Annual Congress at the MGM Grand in Las Vegas, Nevada. This significant gathering of rapid! PayCard’s® payroll clients and prospects allows our management and sales team to interact during a week that is filled with fun, engagement, learning and inspiration! Each year the APA puts together an amazing event with its own theme. This year’s theme was The Payroll Games. This knock off of The Hunger Games saw one tribute from each of the APA’s nine regions compete for the title of payroll champion! The week is a faux competition… Read More

On May 5, 2015, Governor Nathan Deal signed Senate Bill 88 (SB 88) into law making Georgia the twenty-third state to expressly address the use of payroll cards in its wage payment statutes. The bill, which amends section 34-7-2 of the Office Code of Georgia Annotated, became effective upon signing. The new law allows employers to pay wages and salary by credit to a payroll card account so long as employees are provided with a written explanation of any fees associated with the account. This explanation must be provided at least thirty days before the employer first implements a payroll card program. Once the program is implemented, the written explanation… Read More

In 2015, ten states have considered legislation addressing payroll cards. Several bills would make it easier for employers to implement electronic wage payment, others would impose restrictions on the use of payroll cards. To date, the bills more favorable to payroll cards have passed. FL and GA: Legislation in Florida and Georgia has been approved by both houses and awaits signature by their respective governors. The Florida bill applies only to labor pools, and would allow labor pools to pay day laborers using payroll cards if certain conditions are met. The Georgia bill applies to all employers and would statutorily authorize the use of payroll cards. Employers will be able… Read More

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rapid! PayCard® Visa® Payroll Card is issued by The Bancorp Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted. The Bancorp Bank; Member FDIC.

The rapid! PayCard® MasterCard® is issued by MetaBank®, Member FDIC, pursuant to license by MasterCard International Incorporated. Prepaid card can be used wherever Debit MasterCard is accepted. MasterCard and the MasterCard Brand Mark are registered trademarks of MasterCard International Incorporated.

The rapid! PayCard blog and any information contained within do not reflect the views of MetaBank or MasterCard, nor are they endorsed by MetaBank or MasterCard.